Tokenised stocks have surged to a combined market capitalisation of $1.2 billion, marking a key milestone for the emerging asset class.
Industry participants are increasingly comparing the sector’s trajectory to the early growth phase of stablecoins and decentralised finance in 2020.
Data from Token Terminal shows the market reached a record high following strong expansion in September and December.
Analysts say demand has accelerated since tokenised equities entered the mainstream earlier this year.
Tokenised stocks today are like stablecoins in 2020.
Token Terminal said, highlighting how early the market remains.
Stablecoins were still nascent in 2020 but have since grown into a sector valued at roughly $300 billion.
Other insiders have likened tokenised equities to the early DeFi boom, citing structural similarities in adoption trends.
Supporters argue that moving equities onchain enables faster settlement, continuous trading and fractional ownership.
Momentum increased in September following the launch of Backed Finance’s xStocks suite on Ethereum.